When Credit Money (Far) Eclipses the Money Supply: A Money-Supply View of 21St Century Economic Disasters
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About this ebook
This book notes that the Actual Money Supply doubles every ten years instead of growing with population growth giving rise to Inflation.
In conclusion this book gives information as to where such Actual Money and Credit Money currently resides and where the excesses were.
This book is written to give you, the reader, a general sense of what has happened to money in general.
Tymothy Maris
ABOUT THE AUTHOR The Author is an Inventor/Designer. He has a B.A. in Computer Science and minors in Math and Physics. He is experienced in the art of computer programming/analyzing, legal brief writing, economics, car and home repair and in this instance, Poetry. His unique creations run across many lines :: from computer programs ,alternative-energy prototypes, prior poetry and economics books and even a home-built 75 speed bicycle.
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When Credit Money (Far) Eclipses the Money Supply - Tymothy Maris
© Copyright 2008, 2012 Tymothy Maris.
All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted, in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the written prior permission of the author.
ISBN: 978-1-4669-3398-9 (sc)
ISBN: 978-1-4669-3397-2 (e)
Trafford rev. 05/04/2012
Image337.JPGwww.trafford.com
North America & international
toll-free: 1 888 232 4444 (USA & Canada)
phone: 250 383 6864 ♦ fax: 812 355 4082
CONTENTS
PREFACE
ACKNOWLEDGEMENTS
CHAPTER 1
THE 1970’s
CHAPTER 2
THE 1980’s
CHAPTER 3
THE 1990’s
CHAPTER 4
2000 TO 2008
CHAPTER 5
2008
MARCH 2012 ADDENDUM
TABLES
AUTHORS’ other books
IF A HOME HELD MEMORIES
Chapter 2: growing up years
—a snapshot autobiography via POETRY—
PREFACE
ACKNOWLEDGEMENTS
Special Thanks to:
My Brother Paul Mom
Capital District Center
ACTUAL MONEY SUPPLY source:
www.federalreserve.gov
HOUSEHOLD INCOME source:
Dept. of Labor Other sources:
Internet misc.
CHAPTER 1
THE 1970’s
60’s COMMODITY STANDARD ABANDONMENT
With the coming of the 60’s and 70’s the Great National Net-Worth that was amassed post WWII during the late 40’s and 50’s, was eventually used up. We became a debtor Nation by the early 1980’s.
• From January 1960 to January 1970 the Actual Money Supply doubled (300 Billion Dollars to 600 Billion Dollars). That is a doubling in 10 years. Cash is most of this. See APPENDIX A.
Money Supply was starting to be printed faster than population growth (note: the Actual Money Supply (cash, M1, M2, M3 etc) (APPENDIX A) used to keep pace with population growth). This creates Inflation.
With inflation rising, the Nation went off the Gold and Silver (commodity) standard (ie—1964 was the last year of 90% silver coins (ie—cash)). Paul Volcker was the architect of this abandonment.
RISE AND FALL—A NATURAL CYCLE (TO A POINT)
During President Nixons’ administration in the early 1970’s inflation was very high. The Dollar was devalued in 1971 and 1973 (Volcker again was the architect of this). When Ford took over as